56 Margaret ROAD
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 2, 2022 | Sold | ||
| Sold | |||
| Jul 27, 2022 | No longer available | - | |
| No longer available | |||
| Jul 23, 2022 | Price Decreased |
$419,999
↓ $5K
(1.2%) | |
| Price Decreased | |||
| Jul 8, 2022 | Listed by Young Real Estate | $424,999 | |
| Listed by Young Real Estate | |||
| | |||
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***Multiple Offers*** ***Highest and Best*** This is a very unique beachside home! This property offers the opportunity to own two separate living spaces, with two kitchens, all in the same single-family home, with a New Roof!!! Both sides of the home have their own separate access making the property perfect to use as an investment rental, partial rental, or even a vacation beach house! There is a door that can be used to have access to the whole home or it can be shut to keep them separated! Both sides offer an open kitchen and living space with room for dining, separate entries, two separate screened in porches with large deck off of the back patio and fully fenced yard. The manager has listed the unit size as 1770 square feet.
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| Jun 18, 2022 | Listed by REDFIN CORPORATION | $419,999 | |
| Listed by REDFIN CORPORATION | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017